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Old 06-02-2009, 08:56 AM
 
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Perhaps corporations that are 'too big to fail' should be split up if their failure would wreck the economy. I'm not advocateing that because I can see pros and cons to both sides, but I think maybe it is something that it may be time to consider and discuss.
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Old 06-02-2009, 08:59 AM
 
Location: I think my user name clarifies that.
8,293 posts, read 22,522,637 times
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Quote:
Originally Posted by Captain Worley View Post
Perhaps corporations that are 'too big to fail' should be split up if their failure would wreck the economy. I'm not advocateing that because I can see pros and cons to both sides, but I think maybe it is something that it may be time to consider and discuss.
Yeah, it does seem that if a corporation is "too big to fail", then maybe the anti-trust laws of the country should already have gone into effect.
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Old 06-02-2009, 09:10 AM
 
Location: Victoria TX
42,668 posts, read 71,804,168 times
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It would be "unamerican". Imagine if somebody, like, say the Justice Department, tried to split up somebody, like, say, the telephone company, without even a hearing, much less a congressional action.

(That was probably before you were born, wasn't it?)
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Old 06-02-2009, 09:18 AM
 
Location: Sinking in the Great Salt Lake
12,939 posts, read 18,519,212 times
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the only true "too big to fail" situations are REALLY: "too big to fail right now, but we'll probably change our minds next month" and/or "too big to fail because they made big campaign contributions to my political party"
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Old 06-02-2009, 09:51 AM
 
Location: I think my user name clarifies that.
8,293 posts, read 22,522,637 times
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Quote:
Originally Posted by jtur88 View Post
It would be "unamerican". Imagine if somebody, like, say the Justice Department, tried to split up somebody, like, say, the telephone company, without even a hearing, much less a congressional action.

(That was probably before you were born, wasn't it?)
Maybe before all my KIDS were born...
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Old 06-02-2009, 11:57 AM
 
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Quote:
Originally Posted by jtur88 View Post
It would be "unamerican". Imagine if somebody, like, say the Justice Department, tried to split up somebody, like, say, the telephone company, without even a hearing, much less a congressional action.

(That was probably before you were born, wasn't it?)
Nope. I was in HS. (that was 82 or 83, right?)
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Old 06-02-2009, 12:10 PM
 
Location: Maryland
1,667 posts, read 8,174,178 times
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Heh heh! I was a Senior in High School then. Anyway, nobody is too big to fail. Braniff, LeSalle, the Republican Party, New Coke, my accountant... One of America's best features is that we have the right to fail. If you can't pee in the tall grass with the big dogs, stay on the porch!
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Old 06-02-2009, 02:11 PM
 
48,519 posts, read 81,292,341 times
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Well then maybe the big three should ahve been splitup sooner by the governamnt. But it seem it took foreign compitetion to do so. Then the politicans still would let them die.
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Old 06-02-2009, 03:11 PM
 
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GM was best when it was competing against itself; Chevy vs Buick vs Pontiac. That really improved all of them. In the effort to cheapen things in the 80s (thank you, Roger Smith) everything became much more homogenous and thus the divisions didn't have anything to really crow about.
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Old 06-02-2009, 03:49 PM
 
Location: Victoria TX
42,668 posts, read 71,804,168 times
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We are seeing the future in a microcosm. America is too big to fall. The crash will be a thing to behold..
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